Business News

US Labor Market Could Take Years to Heal From The Coronavirus Pandemic

Millions who lost their jobs due to COVID-19 pandemic continue to draw unemployment benefits, signaling that recovery will take years.

Jun 11, 2020

By Reuters

Coronavirus

Pantsir S1M: Russia to Feature Advanced Version of Anti-Aircraft-Gun Missile in Moscow Parade

The advanced version of Pantsir reflects inputs from Russia's military campaigns in Syria and Libya.

Jun 11, 2020

By R. Ghosh

Coronavirus

J&J to Begin Human Trials of COVID-19 Vaccine in Second Half of July

The company has already signed deals with the U.S. government for creating enough manufacturing capacity to produce more than one billion doses of its vaccine through 2021

Jun 10, 2020

By Reuters

Coronavirus

Tesla to Accelerate Production of Semi Trucks: Memo

Nikola, a rival electric and fuel cell truck startup, previously this month started trading on the NASDAQ after it merged with special purpose acquisition company VectoIQ

Jun 10, 2020

By Reuters

Starbucks Forecasts More Than $2 Billion Drop in Quarterly Income as Coronavirus Hits

The Starbucks Corp mentioned it is going to permanently close down around 400 stores in the Americas

Jun 10, 2020

By IBTimes APAC Desk

Trading Markets Show June Recovery from Coronavirus Crash

The stocks are anticipated to continue to soar as there are relaxed lockdown measures that help businesses operate.

Jun 10, 2020

By IBTimes SG Desk

NYC Health Department Issues New Guidelines for Safe Sex, to Start Free Home Delivery of Condoms

Although the guidelines suggest that people stay at home as much as possible, they say that people 'will and should have sex'

Jun 10, 2020

By R. Ghosh

Coronavirus

US Firms Vow to Fight Racism But Face Critics on Diversity

Activists and some business leaders have seen an opportunity amid global protests to push reform on social justice issues well beyond police brutality

Jun 10, 2020

By Reuters

Oil Falls Below $41 as US Inventory Rise Revives Glut Worries

The official government figures on the US stockpiles from the Energy Information Administration are due later on Wednesday

Jun 10, 2020

By Reuters

Swimming Against the Current: Highstoke Media CEO Danny Tran's Life in the Silicon Valley

Highstoke Media, Danny and his team achieve goals with companies and get them up and running.

Jun 10, 2020

By IBTimes SG Desk

Can Gilead's Remdesivir Fight Coronavirus? Study Shows it Reduced Lung Damage in Monkeys

Invented more than a decade ago and originally used to treat Ebola, the antiviral drug is the first treatment to show efficacy against the coronavirus.

Jun 10, 2020

By R. Ghosh

Coronavirus

FCC Slaps Record $225M Fine in Robocalls Crackdown, But Will it be Able to Collect the Money?

Major carriers in the U.S. like Verizon, T-Mobile and Sprint have come up with various robocall blocking processes.

Jun 10, 2020

By R. Ghosh

Volkswagen CEO Apologized After Row With Supervisory Board

Diess, who has been in the top job at Volkswagen from 2018, remains chief executive of the group that also includes brands like as Audi, Bentley, Skoda, Lamborghini and Porsche

Jun 9, 2020

By Reuters

Coronavirus

China exports and imports fall more than expected in July due to weakening demand

German Exports Plunge as Coronavirus Wrecks Demand in April

Seasonally adjusted exports plunged 24% on the month, far more than economists expected, while imports fell 16.5%

Jun 9, 2020

By Reuters

Coronavirus

IMF Hails Hong Kong's Status as Global Financial Hub

The status of Hong Kong as a global financial hub is very much important for the rest of the world, Geoffrey Okamoto said

Jun 9, 2020

By Reuters

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